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ECIIA Conference 2013 NEW
January 2013 Austria

The ECIIA Conference will take place from 2 to 4 October, 2013, at the Hofburg Convention Centre in the centre of Vienna.

IIA Austria is delighted confirm an array of outstanding speakers from a variety of European countries, including Austria, as well as some transatlantic experts from USA and Canada.

The conference begins on Wednesday, 2nd October with a reception at the top of Vienna’s famous “Kahlenberg“, which not only offers an outstanding view of the city, but also serves as the perfect opportunity for networking with colleagues and friends, and sampling Vienna’s fine food and drinks.

The prestigious conference venue has served as the Imperial Palace for more than 700 years, a place where the country’s rulers lived and held court, and where sumptuous feasts were held for the aristocracy.

Plenary sessions will include presentations from the Chairman of Global IIA, the President and CEO of Global IIA, the President of the ECIIA, the Chairman of ECODA (the European Confederation of Directors’ Associations), the CAE of the European National Bank, the Executive Secretary of the International Anti-Corruption Academy, and Hannes Arch, the famous Red Bull Air Race Pilot among others.

The conference plenary program will be complemented by 20 concurrent presentations from renowned speakers in four parallel sessions, covering the most interesting topics in the internal audit field. All presentations will be held in English, with simultaneous translation into German. Translation into other languages may be organized upon sufficient demand from participants.

To conclude the first conference day, a very special Viennese Evening will be held at the famous Vienna Town Hall, featuring an array of typical delicacies and, of course, live entertainment.

This unique conference is one of the rare occasions in which you will have the chance to interact with such renowned international speakers in a single event – an occasion that should not be missed. It is also a chance to see Vienna itself, one of Europe’s most appealing cities; to admire Vienna’s imperial architecture and visit the places that influenced some of the most famous classical musicians of all time, including Mozart, Beethoven, Schubert, Strauss and Brahms.

IIA Austria is convinced that the top quality speakers and presentations that this conference has to offer, together with the excellent networking opportunities, will be of significant professional benefit to all those who attend.

IIA Austria is very much looking forward to seeing you in October in Vienna.

For more information, click ECIIA Conference 2013.

‘Deaf effect’ theory wins ECIIA award
June 2012 Deaf-effect

A research paper that shows how executive managers ignored bad news reported to them by auditors won an award sponsored by ECIIA at the tenth European Academic Conference on Internal Audit and Corporate Governance.

Arno Nuijten of Erasmus University, Rotterdam presented his empirical study on the Deaf effect in escalation of IS-projects: an exploratory multi case study on causes and auditor-manager interaction at the conference.

Deaf effect refers to the failure of managers to respond to messages of impending IS project failure. The auditors taking part in the study recalled instances in which they had reported bed news about projects only to find that their concerns were ignored by executive management.

Practitioners and academics discussed and debated other current issues across the full spectrum of corporate governance and internal auditing.

The University of Verona, Italy hosted the event during 18th-20th April 2012. The ECIIA strongly promotes academic research in corporate governance and internal audit as a means of achieving “progress through sharing,” the motto of Global IIA.

View the paper.

Learn more on the author.

Academic Conference website.

Avoid regulatory attention NEW
December 2011

Guidance for senior executives on risk can help them avoid additional regulatory attention.

Practical guidance on implementing European company law requirements on risk management, internal control and internal audit can help reduce further regulatory attention, according to the Federation of European Risk Management Associations (FERMA) and ECIIA.

The advice is designed for senior managers and executive committees on practical approaches to support the board and audit committees in meeting their responsibilities under article 41-2b of the EU 8th Company Law Directive: “Monitoring the effectiveness of internal control, internal audit and risk management systems.”

Carolyn Dittmeier, past President of ECIIA, said: “Today, it is crucial for organisations to think clearly about their internal assurance processes to avoid being subject to additional external regulation. The 8th EU Company Law Directive coupled with our papers gives organisations the necessary guidance to enable them to move forward with a governance framework that provides a risk-aware culture to maximise the opportunities of success.”

Jorge Luzzi, President of FERMA, said: “Good governance depends on managers being conscious that good control reinforces management systems. With this Part 2 of the Guidance, ECIIA and FERMA aim to provide senior executives with practical guidance to be adapted to the culture, activities and organisation of their companies.”

The publication offers guidance drawn from the real-life experience of members of FERMA and ECIIA. It takes senior executives through a series of questions that show how they can support the board in managing risks, and making best use of internal control and assurance from internal audit.

The purpose of FERMA and ECIIA in producing Part 2 of the Guidance is not to deliver definitive answers, but to suggest approaches that senior executives can adapt for their companies. This follows Part 1 of the Implementation Guidance on the 8th Company Law Directive for boards and audit committees, released by FERMA and ECIIA in September 2011.

Download Part 1 of the guidance here and Part 2, here.

Better grip on risk needed
November 2011

It is important that organisations strive to get a better grip on overseeing the risks their businesses face, says David Landsittel, chair of COSO, the corporate governance thought leadership body.

“Both management and board members are not satisfied with board oversight of risk management and, as a result, pressure is mounting from regulators and others to continue to enhance board oversight processes”, Landsittel said, speaking at the ECIIA annual conference in Madrid in 2011.

“Board directors are sometimes over-confident about the way they view risk management and internal control, resulting in overlooking risks that could have a significant impact,” he said.

Landsittel noted that COSO has published and will continue to issue “thought papers” with a goal of helping organisations move their risk management processes up the “maturity curve” and will release an exposure draft of a proposed update to its internal control framework soon.

“Good risk management and internal control are the necessary for the long-term success of all organisations and internal audit is the last line of defense to ensure global assurance on internal governance to the corporate boards”, commented Richard Chambers, President and CEO of the Institute of Internal Auditors, speaking at the ECIIA conference.

Chambers said that a more stable model of corporate governance was beginning to emerge.

“We are starting to see boards hold the chief executive officer and management to account more strongly. Internal audit is playing a role in supporting the board in that move”, Chambers said.

Landsittel’s and Chambers’ views echo the European Commission’s recent efforts to improve the long-term viability of listed companies by encouraging better corporate governance. In its most recent consultation document, The EU Corporate Governance Framework, the EC focused on how corporations should manage and report on risk following recent financial and economic crises.

For the full conference report click here.

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